Page:United States Statutes at Large Volume 99 Part 2.djvu/420

 99 STAT. 1530

7 USC 1994.

PUBLIC LAW 99-198—DEC. 23, 1985

"(E) Loans for each of the fiscal years 1986, 1987, and 1988 are authorized to be insured, or made to be sold and insured, or guaranteed under the Rural Development Insurance Fund as follows: "(i) Insured water and waste disposal facility loans, $340,000,000. "(ii) Industrial development loans, $250,000,000. "(iii) Insured community facility loans, $115,000,000.". 0)) Section 346(e)(l) of such Act is amended by CD striking out "20" each place it appears and inserting in lieu thereof "25"; and (2) striking out "fiscal year 1984" and inserting in lieu thereof "each fiscal year". (c) Section 346 of such Act (as amended by subsection (b)) is amended— (1) striking out subsection (d); and (2) redesignating subsection (e) as subsection (d). FARM DEBT RESTRUCTURE AND CONSERVATION SET-ASIDE CONSERVATION EASEMENTS

7 USC 1997.

Ante, p. 1504.

Real property. Real property.

Loans.

Real property.

SEC. 1318. (a) The Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) is amended by adding at the end thereof the following new section: "SEC. 349. (a) For purposes of this section: "(1) The term 'governmental entity' means any sigency of the United States, a State, or a unit of local government of a State. "(2) The terms 'highly erodible land' and 'wetland' have the meanings, respectively, that such terms are given in section 1201 of the Food Security Act of 1985. "(3) The term 'wildlife' means fish or wildlife as defined in section 2(a) of the Lacey Act Amendments of 1981 (16 U.S.C. 3371(a)). "(5) The term 'recreational purposes' includes hunting. "(b) Subject to subsection (c), the Secretary may acquire and retain an easement in real property, for a term of not less than 50 years, for conservation, recreational, and wildlife purposes. "(c) Such easement may be acquired or retained for real property if such property— "(1) is wetland, upland, or highly erodible land; "(2) is determined by the Secretary to be suitable for the purposes involved; "(3)(A)(i) secures any loan made under any law administered by the Farmers Home Administration and held by the Secretary; and "(ii) the borrower of such loan is unable, as determined by the Secretary, to repay such loan in a timely manner; or "(B) is administered under this title by the Secretary; and "(4) was (except in the case of wetland) row cropped each year of the 3-year period ending on the date of the enactment of the Food Security Act of 1985. "(d) The terms and conditions specified in each such easement shall— "(1) specify the purposes for which such real property may be used;

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